Gol, LATAM in advanced talks to add Embraer planes, says BNDES head
Adds Gol statement in paragraph 5
By Gabriel Araujo
SAO JOSE DOS CAMPOS, Brazil, July 19 (Reuters) -Gol GOLL4.SA and LATAM Airlines LTM.SN are in advanced talks to add Embraer EMBR3.SA aircraft to their fleets, the head of Brazil's state development bank BNDES said on Friday, as the country urges them to buy planes from the local manufacturer.
Gol and the local unit of Chile-based LATAM are two of Brazil's largest carriers, dominating the country's airline industry alongside Azul AZUL.N. However, unlike Azul, they do not fly Embraer jets.
"They are already well advanced in these talks," BNDES head Aloizio Mercadante told reporters on the sidelines of an event at Embraer's headquarters, where the bank announced funding to some of the firm's aircraft exports.
"Obviously there is a commercial secrecy, we cannot go into details, but the companies are well advanced in the prospect of flying Embraer."
LATAM declined to comment, while Gol in a statement reiterated it flies Boeing BA.Nairplanes butis "always evaluating options of other models to grow its operations."
Gol's fleet is made up entirely of Boeing 737 planes, while LATAM's fleet of single-aisle aircraft is comprised of Airbus AIR.PA aircraft and it also flies Boeing widebodies.
Embraer's chief executive Francisco Gomes Neto revealed in an interview with Reuters last month the planemaker was in talks with Gol and LATAM.
Global carriers have been facing extended delivery deadlines from Boeing and Airbus, limiting their ability to add capacity and giving Embraer's smaller aircraft a push as the Brazilian firm has production slots available from 2026.
President Luiz Inacio Lula da Silva's government has also been pushing LATAM and Gol to add Embraer planes to their fleets as a way to boost regional aviation in the country and strengthen the local manufacturer.
Only 12% of Brazil's commercial aircraft fleet is comprised of Embraer planes, according to the government.
Mercadante said getting the carriers to buy Embraer aircraft may be a government requirement to support them financially, as BNDES and the finance ministry discuss a package to aid airlines still struggling in the wake of the COVID-19 pandemic.
Gol filed for bankruptcy protection in the United States earlier this year, while LATAM came out of bankruptcy proceedings with an $8 billion reorganization plan in late 2022. Azul had to conclude a broad debt restructuring last year.
Reporting by Gabriel Araujo; Additional reporting by Alberto Alerigi Jr.; Editing by Aurora Ellis
Mga Kaugnay na Asset
Pinakabagong Balita
Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.
Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.
Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.
